He still has like 5 months before he can sell his shares and make money.
Not sure if it'll be before or after the election, but right now valuation only matters if some bank is dumb enough to use the shares as collateral on a loan.
Unless the board allows him to sell before the six-month mark. And considering the fact that the board is made up of his children and other sycophants, there’s a 100% chance they allow it if he asks. He just has to determine if he wants to sell a major stake in the company and potentially tank the stock, which I don’t think he’s shy about doing.
Trump is Trump Media’s biggest shareholder, with 57.3 percent of the company, or 78.7 million shares — a stake worth about $2.9 billion based on the stock’s closing price Monday.<
If it's worth anything at all at the time he can sell, he's made money, likely Billions, Hundreds of Millions, Tens of Millions? I dunno, more than I'll ever see. Money funneled to him for the express purpose of racial hatred, and to destroy American secular egalitarian Democracy. That he was able to do this, at all, is an indictment of how corrupt our institutions are.
All the money in my pocket vs all the money in yours, says that's not going to happen, there are far more people willing to throw good money after bad, to say nothing of institutional investors with money to "invest" in the support of Trump for what they can gain from Trump in the long term, than there are those who will tank the stock by shorting or selling out. Yours is a wish I too would like to see come true, though sadly, as we've seen, is only wishful thinking, with no basis in our communal experience thus far.
Not if he wins the election. "Mr president we'd like you to hear us out on why our company's industry shouldn't have to pay taxes. Also, unrelated, we've bought $100 million in ad space on Truth Social. Back to that tax thing..."
At the rate it's going, these won't even be penny stocks by the time he cashes out. Anyone with a functioning brain knows what's coming. The only people who are even interested in the stock right now are either the truly stupid/gullible/MAGA rubes and people who think they can make money shorting the stock.
However strong is my desire for DJT to tank, the statement "stock market is reality" does not reflect the said reality. It is the definition of fantasy, where valuations are driven by nothing fundamental. Only beliefs and expectations matter, and these change daily. Say, if Trump actually manages to win the election - and there is a terrifyingly high chance for that, - this joke of a company can actually skyrocket in valuation, as someone with money can try to buy his favour. Not that it will hold high for long, of course - just saying that manipulation is a reality (see what i did?).
It entered the year worth $17/share, now it's worth $37/share. Yes, it was always insane to say it was worth more than Reddit but it's similarly not a flex when the valuation goes down from being worth more than Reddit to...still a lot of money.